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Reddit Posts

r/CryptoCurrencySee Post

Crypto Swap Gone Bad! - a cautionary tale.

r/BitcoinSee Post

The Weird Christmas Parol Trip That Messed Me Up - similar to the lamp story but with bitcoin

r/BitcoinSee Post

The Weird Christmas Parol Trip That Messed Me Up - similar to the lamp story but with bitcoin

r/CryptoMarketsSee Post

Binance’s subsidiaries BAM Trading and Sigma Chain AG manipulated asset prices via wash sales per court document - page 65

r/CryptoCurrencySee Post

Binance’s subsidiaries BAM Trading and Sigma Chain AG manipulated asset prices via wash sales per court document - page 65

r/BitcoinSee Post

With the exception of 'The Bitcoin Time Traveler' and '1 Bitcoin Will Be Worth 100 million dollars, what are some wildest Bitcoin predictions and speculation you've heard or have for Bitcoin in 10 years? My theory below.

r/CryptoCurrencySee Post

How SQUID left 40,000 investors in tears – lesson to be learned - don't get SQUID-stracted in this crypto sea!

r/CryptoCurrencySee Post

Binance CEO refutes report on $250M loan to BAM Management

r/CryptoCurrencySee Post

Lots of happenings regarding Binance vs SEC

r/CryptoCurrencySee Post

SEC claims Ceffu wallet provider is 'Binance-related' in motion against BAM

r/CryptoCurrencySee Post

Binance US isn't going to close their doors, at least not while the US is suing them. Legally they're required to serve their customers by facilitating withdrawals.

r/BitcoinSee Post

Picture this: You're wrapping up work on a Friday evening, ready to dive into the weekend. 🎉 Just as you're shutting down, BAM! News hits: Bitcoin hits $200k! 🚀 Suddenly, your weekend plans turn into moon-watching plans! 🌕🪐 #Bitcoin #WeekendVibes #CryptoSurprise

r/CryptoCurrencySee Post

BinanceUS was ordered to produce accounting statements and have so far failed to do so

r/CryptoCurrencySee Post

The SEC contradicts their own statement against Binance and ruins their case

r/CryptoCurrencySee Post

The SEC contradicts their own statement against Binance and ruins their case

r/CryptoCurrencySee Post

10 Amazing Tools to Help You on Your Crypto Journey

r/CryptoCurrencySee Post

The Binance suit alleges they used a shell management company and "market makers" since inception, who had significant control of markets. Notably, one's bank account was just a "pass-through" for both Binance.com and US funds(commingled) from which money was taken to purchase a yacht.

r/CryptoCurrencySee Post

SEC Alert! SEC filed an emergency action application seeking a temporary restraining order freezing assets, directing defendants to repatriate assets held for the benefit of customers of Binance.US remain in the United States through the resolution of the SEC’s pending litigation of this matter.

r/CryptoCurrencySee Post

CZ relinquished role from Head of (non-US) Regional Markets only days ago. Now rumours swirl he may step down completely as CEO. This as Binance faces separate lawsuits from the SEC and CFTC for a massive list of allegations from diverting user funds, manipulation, insider & wash trading & many more

r/CryptoCurrencySee Post

It's Now Official The SEC Files 13 Charges Against Binance Entities and Founder Changpeng Zhao! The Most Important Info Summed Up And CZ's Reaction.

r/CryptoCurrencySee Post

It's now official The SEC Files 13 Charges Against Binance Entities and Founder Changpeng Zhao! The most important info summed up and CZ's reaction.

r/CryptoCurrencySee Post

Your USD fiat account in Crypto Exchanges are not FDIC insured. I read the terms of service and prove to you why. Backed by sources

r/BitcoinSee Post

Oh yeah boys

r/CryptoCurrencySee Post

Transferred to Another Processor

r/CryptoCurrencySee Post

Best place for crypto news?

r/CryptoCurrencySee Post

Mt. Gox Rehab gonna.............

r/CryptoCurrencySee Post

Story Time! Title: Endgame

r/BitcoinSee Post

BAM!

r/CryptoCurrencySee Post

Reflections and buy back % coins

r/CryptoCurrencySee Post

What if SQUID was conceived as an idea before the Squid Game show released, to maximize profit potential across media AND crypto.

r/CryptoCurrencySee Post

You have to know about this Crypto Scams, especally newbies

r/CryptoCurrencySee Post

Reddit Crypto Scammers HATE this little trick!

r/CryptoCurrencySee Post

Nice to meet yall

r/CryptoCurrencySee Post

A Casual Swing Trader

r/CryptoCurrencySee Post

This is why we need regulation

r/CryptoCurrencySee Post

Why did Binance US CEO Catherine Coley get fired by CZ? Why did next CEO Quit after 3 Months?

r/CryptoCurrencySee Post

Trial by Torture

r/CryptoCurrencySee Post

A 5 Min News Clip/Wiki Read Combo isn't a Matrix Learning Portal. Likely anyone arguing against Cryptocurrency is as useful as a Rubber Knife.

r/CryptoCurrencySee Post

Let's discuss the dip

r/CryptoCurrencySee Post

I finally got my Cardano staking rewards! Today was my third Epoch and I couldn’t wait to check my Yoroi Wallet after work!

r/CryptoCurrencySee Post

I just don't get it

r/CryptoCurrencySee Post

ETH currently consolidating between support and resistance, and how I would trade this

r/CryptoCurrencySee Post

New to Crypto? Have a rant. Even if you are not new, have a rant!

r/CryptoCurrencySee Post

3 Reasons It's So Hard to Buy Low, and Sell High, and How to Overcome it.

r/CryptoCurrencySee Post

Coinbase negativity bias

r/CryptoCurrencySee Post

Any helpful hotties here? NO "Farm moon hurr durr"

r/CryptoCurrencySee Post

Just think of Hardware Wallets as 2FA for your wallet

r/CryptoCurrencySee Post

Roses are red violets are blue, I bought in may cousins

r/CryptoCurrencySee Post

Suggestion: Donate Karma to a Newbie

r/CryptoCurrencySee Post

Some potential insight into indicators/events that can cause the crypto market to recover and resume bull mode, and some things that may lead us to further downside.

r/CryptoCurrencySee Post

Those of you new to crypto and thinking about margin trading for the first time - a word to the wise.

r/CryptoCurrencySee Post

TLM, SAND and REP gotta be today's winners

r/BitcoinSee Post

Fun with Bitcoin: interview with BAM (@saulabrm)

r/CryptoCurrencySee Post

Stop treating holding as a virtue

r/BitcoinSee Post

What happens to traditional investing post mass adoption?

r/CryptoCurrencySee Post

Thinking like a whale conspiracy theory time

r/CryptoCurrencySee Post

Emax is it a scam?

r/CryptoCurrencySee Post

Those who don't read history are doomed to sell early and/or get rekt.

r/CryptoCurrencySee Post

There's a noticable amount of people on this sub that held through a 3 year bear market while watching Bitcoin dip down 80% from its ATH.

r/CryptoCurrencySee Post

Why can't people just stick to their original plan to hold long term?

r/CryptoCurrencySee Post

Using the model of Maximum Damage to retail investors with Maximum Profits for whales, here's the forecast.

r/BitcoinSee Post

Today is proof that there will always be opportunities to buy in at a decent price

r/SatoshiStreetBetsSee Post

Just fell victim to my first rug pull- be careful

r/CryptoCurrencySee Post

Where is a good place to learn about cryptocurrency?

r/CryptoCurrencySee Post

Punping ALT coins

r/CryptoCurrencySee Post

fresh meme coin with low mcap FemboyCoin

r/CryptoCurrencySee Post

Bitcoin will not overthrown the legacy financial system.

r/CryptoCurrencySee Post

Looking for help depositing money on Crypto.com

r/CryptoCurrencySee Post

CAM ON HBAR *BAM BAM BAM* ScORE US A GOALIE*BAMBAMBAM*

r/BitcoinSee Post

BAM!! Everything is down right now

r/CryptoCurrencySee Post

Completely owned by a moonshot. They put the saddle on me and rode me all the way home. This is a story about how I lost money, if you don't give a f just dont read :)

r/CryptoCurrencySee Post

Dear Person/s running the Nano Attack, Could you F***ing stop it already?

r/SatoshiStreetBetsSee Post

$ELONGATE - Massive 1000x MEME token Appeal!! 1 DAY OLD, 1000 HOLDERS!

r/CryptoCurrencySee Post

An Infallible System...

Mentions

just bring your ledger wallet to the corner store so you can type in the lil indian guys Tx address and BAM! You've got yourself some eggs and naan

Mentions:#BAM

Google Cloud will play a crucial role in proposing and validating new blocks on the Flare Blockchain. This active participation supports the chain’s Proof of Stake consensus mechanism, contributing to the security and integrity of the Flare network. Additionally, Google Cloud joins an elite group of 100 organizations taking on dual responsibilities of validating and contributing to the FTSO, providing significant pricing data for Flare’s highly decentralized price oracle. BAM, that took 2 seconds to copy and paste.

Mentions:#BAM

Inverse r/cc is wild. ETH FUD was getting the strongest I’ve seen in a long time, then BAM ETH/BTC hard bounces off of .05.

This time last year, everything was in the dumps. Incredibly depressing. Crabbed for a year, then BAM. Let's see how things spin out.

Mentions:#BAM

Best case, SOL continues its run and takes from ETH's MC. ETH is humbled and even deeply invested maxis start to jump ship. The weird illusion painted over Ethereum begins to fade, and retail realizes the tech and ecosystem is hot bullshit and always has been. Retail begins to see how institutional traders are manipulating retail throughout the market, preying on the exit liquidity, and the same gambling can be had with better tech! Mass exodus continues toward SOL and other moon boy hyped nonsense until... BAM, the inevitable outage happens. That, and retail again realizes the propaganda its chasing is leading them astray. SOL is most certainly not what it claims to be and will never be able to scale into the future. And ultimately, retail looks to Algorand. ALGO works the way it says it does. It is being adopted (RWA) in big ways despite being ignored by retail and its influencers. 80% of total supply is in circulation (8 out of 10 billion fixed supply). INSTANT finality, 3.3 second blocks, dirt cheap tx fees, NO FAILED TRANSACTIONS, no forking or double spending, and more smart contract throughput than SOL, ETH, and everything else on the market: https://np.reddit.com/r/algorand/s/r7uvGq2fvk And a much, much smaller market cap to run with. That stuff is factual. No inflated or fake metrics. ALGO is the real deal and continues to do the things that will bring the masses and bridge crypto to tradfi. Eventually the FUD will get quieter and the other hype chains will be demoted. Keep milking the bullshit. ALGO will still be there waiting for you when you're done.

r/CryptoCurrencySee Comment

Just as the sentiment towards SOL did a 180, you know without a doubt that algorithmic stablecoin projects will come back in full force towards the end of this cycle. All it takes is FOMO outweighing that Fear threshold and BAM! who cares about the past.

Mentions:#SOL#BAM
r/BitcoinSee Comment

I just have too much money... I try putting it in stupid investments like BTC and then BAM! MORE MONEY!! I just can't find a bad investment to get rid of money :(

r/BitcoinSee Comment

It always has been. BAM!

Mentions:#BAM
r/BitcoinSee Comment

23 words will out put a value. Take that value and figure out the correct checksum. Look up the value of that checksum against the word list. BAM! That's your 24th word.

Mentions:#BAM
r/CryptoCurrencySee Comment

>**FAILURE TO RESTRICT U.S. INVESTORS FROM ACCESSING BINANCE.COM** >The SEC’s complaint alleges that Zhao and Binance created BAM Management and BAM Trading in September 2019 as part of an elaborate scheme to evade U.S. federal securities laws by claiming that BAM Trading operated the Binance.US platform independently and that U.S. customers were not able to use the Binance.com platform. The complaint alleges that, in reality, Zhao and Binance maintained substantial involvement and control of the U.S. entity and that, behind the scenes, Zhao directed Binance to allow and conceal many high-value U.S. customers’ continued access to Binance.com. In one instance, the Binance chief compliance officer messaged a colleague that, “[w]e are operating as a fking unlicensed securities exchange in the USA bro.” I would say that one carries weight, I believe this could be related to the sanctions avoidance they admitted guilt to. >**MISLEADING INVESTORS** >According to the SEC’s complaint, BAM Trading and BAM Management misled Binance.US customers and equity investors concerning the existence and adequacy of market surveillance and controls to detect and prevent manipulative trading on the Binance.US platform’s crypto asset trading volumes. The complaint further alleges that the strategic and targeted wash trading largely perpetrated by the Binance.US platform’s primary undisclosed “market making” trading firm Sigma Chain, also owned by Zhao, demonstrates the falsity of statements BAM Trading made about its market surveillance and controls.

Mentions:#COM#SEC#BAM
r/CryptoCurrencySee Comment

>The official clarified that the separate exchange called Binance.US, which is the operating name for BAM Trading Services, a U.S. affiliate for Binance, is a registered money services business and therefore is not affected by Binance's exit.

Mentions:#BAM
r/BitcoinSee Comment

you guys don't get it. even if you get rich, it could be gone in a second if you don't control it. got millions in a bank? bankrupt, gone if over 250k. do something bad, and BAM its gone because feds freeze it. got a bunch of nice properties? BAM earthquake/volcano/floods/ government tske over like in Palestine etc. get rekt you can be "rich" temporarily but if you want to stay that way put it in Bitcoin

Mentions:#BAM
r/BitcoinSee Comment

>And then BAM You'll need to explain how that happens. But cool story. I see this happening in the next 80 years.

Mentions:#BAM
r/CryptoCurrencySee Comment

Happy Coin. I still enjoy it. Plus any day now that social media influencer is going to post his videos- and BAM straight to the 🌙🌙🌙! Get on board now before it’s too late!

Mentions:#BAM
r/CryptoCurrencySee Comment

I got got earlier this year for about 1 ETH this way. Several top comments with 30+ upvotes each and dozens of comments in each thread (none calling it out as a scam) mentioned this service with a link for bridging something (I forget the particulars) and on another day I would have just not clicked it but I was tired and had been clicking links and signing MetaMask requests for hours and the red flag just didn’t occur… and BAM my entire ARB airdrop plus a couple avatar sales profits gone in an instant.

Mentions:#ETH#BAM#ARB
r/CryptoCurrencySee Comment

Yes there was. I thought that was it and then BAM. Just an unreal run. We all thought DOGE from .005 to 6 cents was crazy. Then it cruises to .75.

Mentions:#BAM#DOGE
r/BitcoinSee Comment

Sold on the downward from the 69k high. BUT Absolutely nailed 16k. I was out of crypto, happy, and said if it ever goes this low, might as well buy in again. Several months later I get a notice that my order was filled. I had forgotten about it. BAM nailed it, I'm so happy! BTC above 90k, I retire. Yes, I am gloating, Yes it feels good, Yes there is hope!

Mentions:#BAM#BTC
r/CryptoCurrencySee Comment

Nice. Just when I thought this market couldn't go any higher, JPM says sell. Now all we need is Cramer to reiterate his bearish stance and BAM...MOON TIME.

Mentions:#BAM#TIME
r/CryptoCurrencySee Comment

BAM! Haters SMD. What an empowering story!

Mentions:#BAM
r/CryptoCurrencySee Comment

Well eventually there is a point where all of the people who were going to sell have sold. Think of buy and sell orders, once we break through enough sell order walls well eventually start going upward, as the prior walls have already been broken. Its partially why we've been crabbing so long, there just isn't much selling pressure to force the price down, come time well reach a point that nobody is really selling anymore and BAM.. the next bull market comes. But yeah, it takes time to capitulate everyone.

Mentions:#BAM
r/BitcoinSee Comment

THIS IS YOUR EASIEST WAY. Transfer your bitcoin to your PayPal or Cashapp wallet. BAM. your done. It will take 30 mins--> a few hours to arrive. Sell on your paypal or cashapp. Easy Pezy

Mentions:#BAM
r/CryptoCurrencySee Comment

I’m just so fucking over it man… i just dca’d the into eth thinking it was at the bottom and then BAM… eth is going to 1400 likely

Mentions:#BAM
r/CryptoCurrencySee Comment

They didn’t even include the saddest albeit best named scam, the pig butchering scam, where the confidence man befriends, gets you invested and doing well, then you make the big deposits and BAM, they gone. Saw an article that a lady lost her whole retirement from this just yesterday on the board

Mentions:#BAM
r/CryptoCurrencySee Comment

It doesn't even crawl up does it?! It's just BAM 28k!

Mentions:#BAM
r/CryptoCurrencySee Comment

Imagine you are just chillen looking at the charts, and BAM! You see a pump like that!

Mentions:#BAM
r/CryptoCurrencySee Comment

Yeah I don't understand why anyone would swoop in and pick up anything FTX touched, even for pennies on the dollar. You just sent know how any of that is going to shake off, and holding that bag will do to you over time. On top of that if anyone wants to hit you negatively in the press they just have to link you to FTX in the headlines and BAM! Stay away CB

Mentions:#FTX#BAM
r/CryptoCurrencySee Comment

Here are some major news in Crypto from yesterday: \- Federal Reserve halts interest rate hikes during FOMC, maintaining rates at 5.25%-5.5%. Despite no hike, rate cuts are pushed until September 2024. \- Grayscale Investments files for an ether futures ETF, following a recent SEC win for their spot bitcoin ETF. The move aligns with rising crypto ETF interest. \- Ledger plans to launch its private-key recovery service by year-end, addressing user concerns. CEO Pascal Gauthier emphasizes optionality in privacy and recovery tools. \- House Committee approves bill barring Fed from launching a CBDC. Introduced by Rep. Tom Emmer, it emphasizes privacy and market freedom. \- Mastercard's Start Path program aids seven blockchain startups, amplifying digital asset innovation and expanding blockchain use globally. \- Binance CEO, Changpeng Zhao, denies report of a $250M loan from BAM Management, stating he loaned them the amount instead. \- Bybit to list PayPal USD (PYUSD) stablecoin on its Spot platform, with deposits now open, trading from Sep 20, and zero-fee trading on PYUSD/USDT. \- Apple considered introducing built-in stock trading on iPhones in partnership with Goldman Sachs but paused the plan due to market conditions \- None Trading, a Discord-based crypto and NFT trading tool, shuts down after a "critical exploit" causing significant financial loss. Valued at $16.5 million during its token debut. \- Wormhole integrates Circle's CCTP, enabling native USDC transfers between Ethereum, Avalanche, Arbitrum, and Optimism, streamlining cross-chain transfers.

r/CryptoCurrencySee Comment

# Here are some major news in Crypto today: \- Federal Reserve halts interest rate hikes during FOMC, maintaining rates at 5.25%-5.5%. Despite no hike, rate cuts are pushed until September 2024. \- Grayscale Investments files for an ether futures ETF, following a recent SEC win for their spot bitcoin ETF. The move aligns with rising crypto ETF interest. \- Ledger plans to launch its private-key recovery service by year-end, addressing user concerns. CEO Pascal Gauthier emphasizes optionality in privacy and recovery tools. \- House Committee approves bill barring Fed from launching a CBDC. Introduced by Rep. Tom Emmer, it emphasizes privacy and market freedom. \- Mastercard's Start Path program aids seven blockchain startups, amplifying digital asset innovation and expanding blockchain use globally. \- Binance CEO, Changpeng Zhao, denies report of a $250M loan from BAM Management, stating he loaned them the amount instead. \- Bybit to list PayPal USD (PYUSD) stablecoin on its Spot platform, with deposits now open, trading from Sep 20, and zero-fee trading on PYUSD/USDT. \- Apple considered introducing built-in stock trading on iPhones in partnership with Goldman Sachs but paused the plan due to market conditions \- None Trading, a Discord-based crypto and NFT trading tool, shuts down after a "critical exploit" causing significant financial loss. Valued at $16.5 million during its token debut. \- Wormhole integrates Circle's CCTP, enabling native USDC transfers between Ethereum, Avalanche, Arbitrum, and Optimism, streamlining cross-chain transfers.

r/CryptoCurrencySee Comment

I’d reach into my pocket, pretending to grab cash and then BAM! Pocket sand right in the face!

Mentions:#BAM
r/CryptoCurrencySee Comment

“In a post, Zhao shared a screenshot of the report and said that the outlet “got the direction wrong.” According to the Binance CEO, the loan was the other way around. He explained in the tweet that he was the one who gave BAM Management $250 million as a loan and claimed that he had not yet taken it back. The Binance executive also implied in the tweet that there is lot of “wrong information” in the report.” Fud force is strong these days

Mentions:#CEO#BAM
r/CryptoCurrencySee Comment

CZ's loan to BAM Management is like giving money to a friend who's always asking for it, but you know they'll never pay you back.

Mentions:#BAM
r/CryptoCurrencySee Comment

tldr; Binance CEO Changpeng Zhao has refuted a recent report claiming that he took a $250 million loan from BAM Management. The report misinterpreted court documents related to a lawsuit between Binance and the SEC, stating that BAM Management issued the loan to Zhao. However, Zhao clarified that he was the one who gave BAM Management the loan and has not yet taken it back. The SEC has been struggling to extract information from Binance and Binance.US during the lawsuit. A judge recently stated that he was not inclined to allow further inspection at the moment. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

r/CryptoCurrencySee Comment

In a court filing dated Sept. 14, the U.S. Securities and Exchange Commission (SEC) alleged that Binance US’s holding company, BAM, has so far produced only 220 documents during the discovery process, including “unintelligible screenshots and documents without dates or signatures.”

Mentions:#SEC#BAM
r/CryptoCurrencySee Comment

>In a Monday court filing, the Securities and Exchange Commission laid into what it says is Binance.US’s "slow-rolled small productions of documents” and called for the court to order an inspection of the firm. The regulator asked for certain information around customer assets, but said BAM, the company behind Binance.US, has so far not obliged. Fud? Maybe, but where there's smoke, there's fire.

Mentions:#BAM
r/CryptoCurrencySee Comment

Wonder if this dump is in reaction to BAM and SEC. I will say, all those execs leaving BAM is fishy.

Mentions:#BAM#SEC
r/CryptoCurrencySee Comment

> The SEC also commented on a few notable executives who departed Binance.US, including its CEO Brian Shroder. Krishna Juvvadi, head of legal, and Sidney Majalya, chief risk officer, at Binance.US also left last week, according to The Wall Street Journal. > "The accelerating mass exodus of BAM employees, now including its CEO and others who may possess crucial information regarding the custody, control, and availability of assets, further underscores the urgent need for expedited discovery into these issues now," the agency said. Doesn't sound good TBH

Mentions:#SEC#CEO#BAM
r/CryptoCurrencySee Comment

"In its latest filing regarding its motion to compel against BAM, the holding company for Binance.US, the United States Securities and Exchange Commission (SEC) has claimed that Ceffu, a wallet provider, is indeed “Binance-related.” This is in contradiction to claims made by Binance in earlier court documents."

Mentions:#BAM#SEC
r/CryptoCurrencySee Comment

“The U.S. Securities and Change Fee (SEC) just lately accused Binance.US of non-cooperation in a courtroom submitting dated Sept. 14. The SEC claims that Binance.US’s holding firm, BAM Holdings, submitted 220 paperwork, primarily unmarked screenshots, and has failed to provide key witnesses.” To be honest, it’s a bit shady

Mentions:#SEC#BAM
r/CryptoCurrencySee Comment

"*More than two months later and despite repeated good faith attempts by the SEC to reach further compromise with BAM, the SEC finds itself essentially where it was when it first sought relief from the Court. BAM continues to refuse, even in light of the Consent Order, to provide anything beyond extremely limited information to ensure that BAM’s Customer Assets are not at the mercy of Defendants Binance Holdings Limited (Binance) and Changpeng Zhao, two persons who view themselves outside the reach of the Court*.” I know everybody is against the SEC and pro Binance here, but the behavior of Binance is definitely suspicious. Where there's smoke there's fire ...

Mentions:#SEC#BAM
r/CryptoCurrencySee Comment

tldr; The U.S. Securities and Exchange Commission (SEC) has accused Binance US of "numerous discovery failures" during its investigation into the crypto exchange. The SEC alleges that Binance US's holding company, BAM, has produced only 220 documents during the discovery process, including unintelligible screenshots and documents without dates or signatures. The SEC also raised concerns about customer assets falling under the control of Ceffu, a wallet custody software service owned by Binance Holdings Ltd. The SEC accuses Binance US of inconsistent remarks regarding Ceffu and of responding to demands for relevant communications with blanket objections. These accusations come amid a wave of executive departures from Binance US. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#SEC#BAM#DYOR
r/CryptoCurrencySee Comment

The U.S. Securities and Exchange Commission (SEC) has accused Binance of a “lack of transparency” during its investigation into the crypto exchange. In a court filing dated Sept. 14, the U.S. Securities and Exchange Commission (SEC) alleged that Binance US’s holding company, BAM, has so far produced only 220 documents during the discovery process, including “unintelligible screenshots and documents without dates or signatures.”

Mentions:#SEC#BAM
r/CryptoCurrencySee Comment

“The SEC in its court filing noted that Binance.US’s holding company called BAM has produced only 220 documents during the discovery process. Many of the submitted documents under the Consent Order “consist of unintelligible screenshots and documents without dates or signatures.” I hate to say this, but it’s a bit shady to be honest

Mentions:#SEC#BAM
r/CryptoCurrencySee Comment

Minority shareholders can screw you over. Probably why CZ keeps those investors in another company BAM instead of shares into Binance.

Mentions:#BAM
r/BitcoinSee Comment

And what happens when volcanoes create new land masses? BAM LAND INFLATION!

Mentions:#BAM#LAND
r/CryptoCurrencySee Comment

BAM! And suddenly my moon count is higher! o_O

Mentions:#BAM
r/BitcoinSee Comment

How do you know this? As far as I can tell, Binance.US is a privately held DE corporation (BAM Trading Services Inc) - their corporate registration in California, until March of this year, said that their primary address was [a condo in Palo Alto, CA](https://www.zillow.com/homedetails/611-Cowper-St-400-Palo-Alto-CA-94301/166731136_zpid/). They seem to have another Delaware corporation at the same address they're using in Florida - BAM Management Holdings Inc. - whose address was the same condo until recently. It doesn't seem like their ownership is at all visible to the public - so I'm curious how you can be so confident there's no relationship with the other entity that coincidentally uses the same name and logo.

Mentions:#BAM
r/CryptoCurrencySee Comment

>Listed on Reddit? REDDIT CEX CONFIRMED BAM!

r/CryptoCurrencySee Comment

Anytime we think the worst is over, BAM, it gets worse

Mentions:#BAM
r/CryptoCurrencySee Comment

I hate when a really interesting looking post gets posted and I can tell all of the comments will be fun to read and then BAM it gets removed for reasons

Mentions:#BAM
r/CryptoCurrencySee Comment

Binance seeks a court order against the SEC, claiming excessive info requests. BAM Trading argues they've provided sufficient data and wants to limit SEC actions, including fewer depositions. Binance and SEC haven't responded. In June, Binance and CEO were sued for deceptive practices and misleading investors.

Mentions:#SEC#BAM#CEO
r/CryptoCurrencySee Comment

>BAM stated that the SEC wants it to produce “all communications” from Nov. 2022 from at least six employees and executives. According to the firm, this request cover dozens of topics—many of which have nothing to do with customer assets. Besides that, the financial regulator wants to depose at least six of its employees and officers, including its chief executive officer and chief financial officer. I'm torn because I don't like the idea of the SEC being able to pry to too great an extent but it does make you wonder what their suspicions are that they are making such requests. What is Binance potentially guilty of?

Mentions:#BAM#SEC
r/CryptoCurrencySee Comment

The crypto platforma just need to grease the wheel like every other industry and BAM! USA crypto haven number 1

Mentions:#BAM
r/BitcoinSee Comment

1) I made sure the keys I created were READ ONLY. When you create a key with Binance, it is automatically Read Only. Once you create the key, you can go in and purposely change it to give it permissions. I have NEVER done that. Even if that did happen by a tiny minuscule chance, after 90 days, Binance changes it to read only from trade permissions if the apps are not used. I didn’t use the apps since March and we are now in august. It is more than 90 days. 2) I don’t use public WiFi to access my crypto. 3) this is why I find it really fishy. I saw another post about someone being hacked for $20k last year who also only had read only API’s. There has been more than me who was hacked as I received an email from Binance stating this: Thank you for your cooperation during this investigation. Rest assured the security of our customers' accounts is our top priority. When we discovered that compromised API's keys were being used on our platform, we immediately took action and engaged law enforcement. We are not able to comment on the open investigation pertaining to the compromise of the API keys. If you have any questions regarding your API key or security of keys, please direct them to your API provider. Please be aware that, per our Terms of Use, you are responsible for maintaining adequate security and control of your Binance.US account details, including usernames and passwords, API keys, API secret keys, or any other codes that you use to access your account or send any instruction, request, or order to BAM in relation to the operation of your account, or to execute any transaction. Additionally, you acknowledge and agree that Binance.US’s decision to take certain actions, including, without limitations, to terminate, suspend, or restrict your access to your account(s) or the services, may be based on confidential criteria that are essential to our risk management and security protocols. Thank you, Binance.US

Mentions:#API#BAM
r/BitcoinSee Comment

Binance confirmed via email it was an API key. This is their email to me: Thank you for your cooperation during this investigation. Rest assured the security of our customers' accounts is our top priority. When we discovered that compromised API's keys were being used on our platform, we immediately took action and engaged law enforcement. We are not able to comment on the open investigation pertaining to the compromise of the API keys. If you have any questions regarding your API key or security of keys, please direct them to your API provider. Please be aware that, per our Terms of Use, you are responsible for maintaining adequate security and control of your Binance.US account details, including usernames and passwords, API keys, API secret keys, or any other codes that you use to access your account or send any instruction, request, or order to BAM in relation to the operation of your account, or to execute any transaction. Additionally, you acknowledge and agree that Binance.US’s decision to take certain actions, including, without limitations, to terminate, suspend, or restrict your access to your account(s) or the services, may be based on confidential criteria that are essential to our risk management and security protocols. Thank you, Binance.US

Mentions:#API#BAM
r/BitcoinSee Comment

Nobody logged into the account. They did it through an API. They didn’t need 2FA to access the account. Binance has not been helpful at all and refuse to divulge information. I have asked them all these questions. They are trying to hide what actually occurred. this is their response: investigation. Rest assured the security of our customers' accounts is our top priority. When we discovered that compromised API's keys were being used on our platform, we immediately took action and engaged law enforcement. We are not able to comment on the open investigation pertaining to the compromise of the API keys. If you have any questions regarding your API key or security of keys, please direct them to your API provider. Please be aware that, per our Terms of Use, you are responsible for maintaining adequate security and control of your Binance.US account details, including usernames and passwords, API keys, API secret keys, or any other codes that you use to access your account or send any instruction, request, or order to BAM in relation to the operation of your account, or to execute any transaction. Additionally, you acknowledge and agree that Binance.US’s decision to take certain actions, including, without limitations, to terminate, suspend, or restrict your access to your account(s) or the services, may be based on confidential criteria that are essential to our risk management and security protocols. Thank you, Binance.US

Mentions:#API#BAM
r/BitcoinSee Comment

This is what Binance said: investigation. Rest assured the security of our customers' accounts is our top priority. When we discovered that compromised API's keys were being used on our platform, we immediately took action and engaged law enforcement. We are not able to comment on the open investigation pertaining to the compromise of the API keys. If you have any questions regarding your API key or security of keys, please direct them to your API provider. Please be aware that, per our Terms of Use, you are responsible for maintaining adequate security and control of your Binance.US account details, including usernames and passwords, API keys, API secret keys, or any other codes that you use to access your account or send any instruction, request, or order to BAM in relation to the operation of your account, or to execute any transaction. Additionally, you acknowledge and agree that Binance.US’s decision to take certain actions, including, without limitations, to terminate, suspend, or restrict your access to your account(s) or the services, may be based on confidential criteria that are essential to our risk management and security protocols. Thank you, Binance.US

Mentions:#API#BAM
r/BitcoinSee Comment

This is is what their email stated: investigation. Rest assured the security of our customers' accounts is our top priority. When we discovered that compromised API's keys were being used on our platform, we immediately took action and engaged law enforcement. We are not able to comment on the open investigation pertaining to the compromise of the API keys. If you have any questions regarding your API key or security of keys, please direct them to your API provider. Please be aware that, per our Terms of Use, you are responsible for maintaining adequate security and control of your Binance.US account details, including usernames and passwords, API keys, API secret keys, or any other codes that you use to access your account or send any instruction, request, or order to BAM in relation to the operation of your account, or to execute any transaction. Additionally, you acknowledge and agree that Binance.US’s decision to take certain actions, including, without limitations, to terminate, suspend, or restrict your access to your account(s) or the services, may be based on confidential criteria that are essential to our risk management and security protocols. Thank you, Binance.US

Mentions:#API#BAM
r/BitcoinSee Comment

I thought I was used to it and then BAM! Brain fart and it takes me a moment to realize what I'm looking at.

Mentions:#BAM
r/CryptoCurrencySee Comment

Prl fuged me up, dev rugged moment of Kucoin listing, and they launched some recovery project and issued holders but I heard about it late, can't remember... it looked so promising too. Also UNIFY coin created an exchange on site, I deposited to it and the dev let the website die, nobody used the site and it had bugs so I lost them all in that trap. OH C-Cex this russian exchange... I deposited to buy XVG as you know the arbitrage trap of "wow I found a life hack" turns immediately into "OH... that's why the price difference, i'm stuck"... where I tried to withdraw and I got some garbled english pop up like "trying too soon to withdraw"... then the guy running the site went on a holiday... (with XVG depegged and offline) comes back weeks later said "oh there's been a hack all XVG gone, but it okay" proceeded to issue everyone a baseless XVG refund token, people traded it for a fraction of real XVG. Real XVG went 300% after that and I was stuck in some scam exchange. Coinmarkets exchange got DDoS to death. I'm still waiting for Grant Thornton to stop leeching my crypto funds from Cryptopia NZ "hack".. only really ETH was stolen I remember some dev in chat bragging about how unsecure Ethereum network is... the BAM, everything up for liquidation. I've heard some pretty valid rumors that Cryptopia team then sold a bunch of everyone's shitcoins on Hitbtc, to then launch and list their own project CennZ Centrality AI, which incidentally still has a marketcap of 14m after dropping 96% value from launch. I almost got caught up in the ForkDelta (EtherDelta) expoit. Was in Bitconnect. Oh here's a funny one... this shit token "SMEG Mars" a token for testicular cancer, was all "we are rug proof fully audited" part true... so I buy some, go in the LP, over night the DEV apparently issues that night an announcement "don't worry if you see the LP change i'm just checking something", he pulls ALL value from LP, then launches a new contract, changes the website contract to the new one and says "new contract, airdrop to all holders". He air drops the new token (not audited), to all people who had SMEG in their wallets... but nobody who was in the LP (me). I tell them in discord, and get absolutely slandered by all the mooner shillers hoping zombies. The guy literally rugged over night. The salt in that wound is a week later they were advertising in Times Square with the money they'd just stolen from people like me. Oh I didn't get caught in this one but always found it interesting if we talking about OGs remembering stuff ahha.. Bitbean hack. Bitbean was this coin with its own wallet and I think POS like most alts were back in the day (not tokens on other networks, just forks of bitcore stuff)... and they were really one of the first to go retail, they had prepaid cards you could buy in grocery shops with Bitbean coin on them, looked really spiff, tidy, solid job on them, they worked.. you could buy a physical card, send it to a friend and they could redeem it (or tell if it was tampered)... anyway so one of the Devs forces a checkpoint on the blockchain, everyone's wallets go offline while he proceeds to absolutely dump the hell out of it on every exchange (I think with fake tokens) idk the exact details but I sorta got how it worked back when I was into QT wallets. Someone did something similar to Mouse Coin, they blocked everyone withdrawing somehow (maybe so few nodes it could be messed with).. anyway with Mouse Coin, the staking was nuts, I literally staked so many into the quintillions, I had multiple wallets all brimming with them... we'd do give aways in Trollbox on Nova Exchange for fun, was fun to fund them. Anyway that died. But some devs revived it into Mic3, I had so many though I felt bad for the DIY open source kids trying to get it back to life, so I didn't end up swapping to the new project, I'd have owned most of supply lol and they seemed bogged down anyway. Nova Exchange I dearly miss (along with Cryptopia), true grass roots shit coin heavens... Dark Doge was born there e.g. XVG. So many no names made names for themselves. They had base pairs to Doge, which solved the decimal issue where you couldn't trade high supply shitcoins because they were below 1SAT value, or people would just flip them for 2SAT even if they really deserved to be worth 20SAT it couldn't break free of the traders buying for 1 selling for 2, so Doge solved that as a base pair. I've got like 50 more of these stories, but I think i'll leave it there.

r/CryptoCurrencySee Comment

That’s the trap they set to you, you see everything going to the moon and get greedy for more profits after you sold early once.. And then BAM! The bear comes, the coin goes 99% down and your 2x profits turn into a 90% loss

Mentions:#BAM
r/CryptoCurrencySee Comment

BAM BAM, run as fast as you Can! Fictitious line from the Flintstones

Mentions:#BAM
r/CryptoCurrencySee Comment

It is all in the marketing.... they will make it all nice and pretty on the outside till they hook you into the ecosystem... Then BAM!!! slam the door shut (and you haven't even pulled your fingers out yet....) Most people think it can never happen to them, that their ideas and speech aren't THAT non mainstream. You hear it all the time on the paypall forums.... "My non profit has a balance of 50K but not PayPal is holding all my funds and accusing me of something (they wont even tell me what)...."

Mentions:#BAM
r/CryptoCurrencySee Comment

Crypto is the odd thing where you think you're just collecting smooth love potions to feed your pokemon then BAM! you funded the north korean missile program.

Mentions:#BAM
r/CryptoCurrencySee Comment

I mean just look at the Fear & Greed index and how it fluctuates. It can be in extreme greed territory for months, and then a little bit of fud and BAM! We back in read after small price correction. 🤷‍♀️

Mentions:#BAM
r/CryptoCurrencySee Comment

I wanted to improve my financial situation. I had been using NiceHash for a while without knowing much about crypto and was already looking into various forms of investments. I figured, hey, might as well look deeper into crypto, so I invested and then ***immediately*** BAM we get the FTX situation. So I came into this subreddit and the rest is history

Mentions:#BAM#FTX
r/CryptoCurrencySee Comment

The most painful click of a mouse for me was in crypto a few years ago. I had invested in Matic quite early in the bull run so I was doing quite well. I was finding out ways to store and gain interest on my Matic. I found UniLend finance. Similar format others I was using at the time there was a way to store crypto and receive regular rewards but I remember with UniLend the tabs were worded a little different this time, but I stupidly just dove in, clicked the reward tab, invested my Matic and then BAM. I knew I done something wrong. Heart stopped. Account was 0… That ‘reward’ tab should of really said ‘donate’ to UniLend. Messaged the whole team, posted on their pages for weeks. To no avail. Will always invest but I don’t plan to get too deep in crypto next time round.

Mentions:#BAM
r/CryptoCurrencySee Comment

>*Binance money processor Advcash looks like a Russian laundering operation* >The collapse of Silvergate, Signature, and Silicon Valley Banks left the crypto industry reeling with countless Twitter Spaces framing the event as a deliberate “Operation Chokepoint 2.0.” >For Binance, the world’s biggest crypto exchange, it turned out to be a particularly tight situation, despite CEO Changpeng Zhao’s (CZ) cryptic assurance that “Binance do [sic] not have asset losses at Silvergate.” >Binance has spent much of its lifespan as a sort of pirate radio operation, never touching dry land — or at least a scrupulous jurisdiction. This, understandably, has taken something of a toll on its ability to exchange between fiat and crypto. >The Securities and Exchange Commission’s (SEC) case against Binance examined the corporate entities that CZ had used to manage its money in those now-failed banks, particularly Key Vision, Merit Peak, and Sigma Vision. Indeed, the SEC’s case clearly depended on revelations of those chains of ownership that only the banks’ failures would reveal. >The SEC had also cinched off Binance’s stablecoin by targeting Paxos, the New York-regulated company that had managed BNB and given it legitimacy. >For Binance, which has fought hard to establish those fuel lines of fiat funding, it’s back to square one. >By now, everyone knows that Binance is also scrambling to avoid or, more likely, brace for a legal hit from the Department of Justice (DoJ). Executives are scurrying to leave what looks like a sinking ship. >But what nobody knows is what those ‘payments processors’ do. This is by design. >Here’s Protos’ deep dive into one. >**Intro to Advcash** Advcash may just be the biggest crypto company you’ve never heard of. >Total volumes are impossible to determine without either transparency or legal force majeure. After reaching out to several employees, the CEO, and several former owners of Advcash, Protos received one response via email from somebody calling themselves “Andrew K.” >“I think it’s pretty clear that you are yet another journalist on a mission to accuse us of various things, so helping you with it doesn’t really make a lot of sense,” wrote Andrew K. >Protos sadly lacks power of subpoena. But based on the information that’s available, the operation is a veritable parade of money laundering red flags — from its thinly disguised origins in Russia and links to the government, to its acceptance of anonymous cash deposits worldwide and its ghost staff. >It is, in other words, a crypto payments processor. There are forms of payments processing of greater or lesser legitimacy. Payments processors like Advcash play a central role in the crypto economy, but that role demands anonymity relative to the public companies they serve. >In one email exchange, the SEC questioned Binance about the role of such processors. The response was revealing: >“Payment processors have relationships with various bank partners. The bank partners maintain bank accounts for the payment processors, and the assets of the payment processor’s customers are maintained in these accounts (i.e., the assets BAM or its customer sends to a payment processor are deposited with a banking partner). These types of arrangements are commonly referred to as ‘bank-fintech partnerships.’ i.e., they set up bank accounts the company themselves can’t get.” >In other words, a bank that wouldn’t onboard a client with a familiar name like Binance is tricked into doing so by a third party with an unknown name, much as CZ kept a galaxy of accounts at Silvergate and Signature under his control with plausible deniability thanks to LLCs nobody had heard of. >**Who does Advcash work with?** While Advcash may be something of an unknown, its client list is certainly more familiar — and extensive. The firm has advertised Binance, Huobi, Kucoin, OKex, and Kraken as partner firms, and all of them apart from Kraken have released public statements confirming those relationships. >Representatives for Kraken haven’t yet responded to a request for confirmation or denial of a business relationship. >Since Protos began its investigation and contacted the relevant firms, the headlining exchanges have moved down Advcash’s home page. None have responded to requests for comment. >Bitcoin wallets that Protos has identified as under Advcash’s control have also sent funds to Coinbase and Bitfinex wallets. >In addition to familiar global names, Advcash provides services to the heavy hitters of Eastern Europe, like EXMO and WhiteBit, who somehow continue to offer services in hryvnya despite the National Bank of Ukraine barring crypto-to-hryvnya conversion as part of wartime capital controls. >The relationship to Binance is, these days, particularly special, as Advcash offers crypto services on its platform by linking with Binance accounts. >Analytics from Similarweb show that two domains associated with Binance are the most commonly visited sites by visitors to Advcash. >Binance, for its part, reciprocates, advising users to go to Advcash as a way of getting fiat currency out of the crypto exchange. And the SEC has taken notice, including a screenshot of this guidance in the commission’s almanac of evidence in its case against Binance. >**Where is Advcash based?** Advcash’s official corporate registration is in Belize, but there’s no reason to believe that the firm has any proper base there. >Indeed, the bulk of its business operations are in the former Soviet Union. Data from SimilarWeb shows Russia, Ukraine, Lithuania, Israel, and Venezuela as the biggest contributors to Advcash’s site traffic. A quick scan of LinkedIn also shows the vast majority of declared employees located in Russia and Ukraine. >The number is, however, very small. This could be due to the firm’s overall policy of opacity. It could also be due to LinkedIn being blocked by the Roskomnadzor, the Russian internet censorship agency. >An older version of Advcash’s site includes a helpline number with a Russian area code. It was ultimately replaced by a line with a Belizean number — but with operational hours that line up with the Moscow Standard Time work day, which is nine hours off from Belize. >The website no longer advertises helplines. Both old numbers were unresponsive when Protos tried them. >A major benefit of Belizean registration is that the country’s corporate registry includes almost no identifying information about the firm beyond its existence. Similarly, the firm’s license with the Belize Financial Services Commission, which registers money transmitters, features almost no information. >This is one of many reasons that Belize remains on the US State Department’s list of major money laundering jurisdictions. >Despite the absence of any firm resembling Advcash in name in the Russian corporate registry, older versions of the Advcash site were available and advertised relationships with major Russian banks. Its laundry list of partners included online-based Yandex Money and PrivatBank, and traditional giants AlfaBank and Sberbank, which fell under US sanctions last April. >Advcash’s early linkages to the crypto world (seen through old Russian guides on VKontakte) were almost exclusively Russian or Chinese payments services. Notably, those included BTC-e, the crypto exchange that was revealed to be a money laundering organization. >BTC-e CEO Aleksandr Vinnik is currently sitting in jail following a lengthy extradition battle between Russia and the US. He’s reportedly angling to be included in a prisoner swap with jailed Wall Street Journal reporter Evan Gershkovich. >Old Russian-language video tutorials on VKontakte show that Advcash continued serving BTC-e well after Vinnik’s original arrest and continued working with successor exchange, WEX, until that too fell apart upon revelations that it was helping fund Russia-backed militants in Eastern Ukraine. It also worked with the Russian FSB itself. What is Advcash? Advcash says it doesn’t operate in the US but its official CEO, Yaacov Bitton, seems to hail from the suburbs of Columbus, Ohio and lives in Florida. Bitton didn’t respond to multiple requests for comment. Property records show Bitton as owning various homes in Miami-Dade and Seminole Counties up until around the time Advcash launched. He got divorced in Miami-Dade County in 2015. >Bitton got his start in the check cashing and payday loan business right out of college. In 2001, he alongside three relatives also working in finance became an agent on the Ohio-registered and Florida-operational World Cash Net, Inc. >Despite Yaacov Bitton’s largely offline existence, old tweets find him signing on as an adviser to NVB Channel, a Moscow-based pump-and-dump scheme, and asking whether the ICO for Bitconnect would be open for US citizens — the very day that massive Ponzi scheme collapsed. Its founder is now facing charges from the DoJ. >Protos has identified an extensive network of additional associated corporate registrations despite this opacity. >Advanced Cash Ltd. was registered in the United Kingdom until 2020. Adv Services LLC was formed in Washington State on August 29, 2011. The firm held a Washington State money transmitter license from August 2012 through July 2020 before being dissolved. >More recently, the same controllers are launching a crypto wallet under the name Adv2 via a Canadian entity by the name of Payean Finance Inc., which was registered at the end of 2021. >One registration in Gibraltar also remains active.

r/CryptoCurrencySee Comment

Lol, 24hr trading volume is up almost 2500% !! Gotta be said, I think it’s happening. I’m eyeing a Kraken listing and then BAM $10 MOON :)

Mentions:#BAM
r/CryptoCurrencySee Comment

A recent WTF moment.. $300 into BAM turned to 2.6 ETH. Never sold. Got greedy and didn’t sell. Ultimately ended up with $145 profit. Better than nothing, but disregarding my gut instinct to sell got to me.

Mentions:#WTF#BAM#ETH
r/CryptoCurrencySee Comment

Don't wait for it, just deploy the contract, buy a dot com domain, upload a "road map," generate some art with stable diffusion, pay some social media farm to shill it, and BAM! 1000x

Mentions:#BAM
r/BitcoinSee Comment

BAM, Am I to read that as $200,000 ? Thanx,

Mentions:#BAM
r/CryptoCurrencySee Comment

*The SEC’s press release also appears to be designed to introduce unwarranted confusion into the marketplace, which could have the effect of harming BAM customers rather than protecting them,” Binance’s lawyers wrote to the court last week.* SEC spreading FUD, judge: "Nah it's cool"

Mentions:#SEC#BAM#FUD
r/CryptoCurrencySee Comment

> Court: "I want to know, are BAM assets going offshore? Is it happening or is it not? It's stunning to me that I've now asked this question to each of the SEC attorneys 5 times." > > SEC: "So currently the assets are not going offshore… We're not… pic.twitter.com/QkEY5HM2ji — Tree of Alpha (@Tree_of_Alpha) June 21, 2023 what does that even mean in the context of a global block chain? is he talking about usd deposits not yet exchanged into crypto or asking if crypto transactions data is going offshore?

Mentions:#BAM#SEC
r/CryptoCurrencySee Comment

tldr; Binance, the world's largest cryptocurrency exchange, has been ordered by the Securities and Exchange Commission (SEC) to repatriate and maintain within the country all its U.S. customers' assets, ensuring Binance.US users can access funds while the exchange battles a lawsuit by federal regulators. The order requires BAM Trading Services Inc., BAM Management U.S. Holdings Inc., and the platform's CEO Changpeng Zhao to repatriate assets held on behalf of U.S. customers and facilitate customer withdrawals. The ruling from the U.S. District Court for the District of Columbia resolves an SEC request to freeze Binance's U.S. assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

tldr; Binance.US has argued against the SEC's request for a temporary restraining order on the company, stating that all of the regulator's claims are invalid. Binance.US claimed that the SEC's motion is "riddled with mistakes" and omissions to inappropriately deem that BAM customer assets are "not secure." The crypto exchange's complaint about fully cooperating with the SEC echoed similar issues faced by its rivals that draw attention to the regulatory agency's failure to provide clarity. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#SEC#BAM#DYOR
r/CryptoCurrencySee Comment

"Now since my sister was able to make profit and withdraw her funds, so she believes it to be legit." That's how they hook you in. Once you start putting a larger sum, BAM! It's too late. Remember, if it's too good to be true...it's probably a scam. Otherwise, everyone would be comfortable or rich. Also, don't put in more than what you're willing to lose.

Mentions:#BAM
r/CryptoCurrencySee Comment

From the [SEC complaint](https://www.sec.gov/files/litigation/complaints/2023/comp-pr2023-101.pdf) >One form of manipulative trading is called “wash trading.” In a wash trading scheme, a trader buys and sells the same asset between or among his or her own accounts in transactions lacking economic purpose. Wash trading is not arm’s length market activity and is not the result of market forces of supply and demand. Wash trading gives the artificial appearance of, among other things, increased trading volume, liquidity, and trading interest for the asset at issue. It may also artificially inflate the aggregate trading volume of the platform upon which the asset is being traded. > > As Zhao confirmed in April 2019 when commenting on a ranking of crypto asset platforms by trading volume: “CREDIBILITY is the most important asset for any exchange! If an exchange fakes their volumes, would you trust them with your funds?” > >But BAM Trading and BAM Management failed to implement controls to prevent manipulative trading on the Binance.US Platform that it falsely claimed to investors to have implemented, ***resulting in the exact “fake volumes” that Zhao decried in April 2019***. Returning to your original statement of, "I’ve never seen any evidence Binance fakes volume", here is the SEC explicitly saying that [Binance.US](https://Binance.US) faked volumes. They do this a couple paragraphs after defining wash trading.

Mentions:#SEC#BAM
r/CryptoCurrencySee Comment

i hate to be the one to tell you, but they already do. people are already getting arrested for thought crimes. for example: Hentai. You can draw a line on a piece of paper and suddenly that is a crime worth 10 years of imprisonment. Because you MIGHT hurt a minor. Sex dolls. They're really heavy so ppl buy them lighter and smaller than regular humans. And BAM, they're now considered child sex dolls. Hell, even if they were, nobody got hurt. And studies show that people who own sex dolls commit WAY LESS crimes than a regular joe shmoe. But nuuu...you're going to prison because some cock sucking politician thinks it MAY harm children. but fucking REAL children, and grooming REAL children is A-OK because you have the lgbbq label.

Mentions:#BAM#MAY
r/CryptoCurrencySee Comment

tldr; Binance.US has generated $410 million in revenue and $225 million in profit since its launch, according to financial accounts detailed by an SEC accountant based on information provided by the exchange. The accounts cover the period from 2019 to April 2023 and refer to BAM Trading Services, the entity behind the exchange. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#SEC#BAM#DYOR
r/CryptoCurrencySee Comment

From a comment above: Just to be clear here, the SEC is *not* seeking to freeze customer assets and prevent customer withdraws, and the SEC clearly and specifically says so. From [the proposed text of the freeze order](https://www.courtlistener.com/docket/67474542/4/1/securities-and-exchange-commission-v-binance-holdings-limited/), for example, my bold for emphasis: \>... Defendant BAM Trading **may continue to transfer Customer Assets to support redemptions** of Customer Crypto Assets ... A lot of commenters are jumping to conclusions and getting this wrong. It would still be very wise for anyone to withdraw their assets, of course.

Mentions:#SEC#BAM
r/CryptoCurrencySee Comment

Just to be clear here, the SEC is *not* seeking to freeze customer assets and prevent customer withdraws, and the SEC clearly and specifically says so. From [the proposed text of the freeze order](https://www.courtlistener.com/docket/67474542/4/1/securities-and-exchange-commission-v-binance-holdings-limited/), for example, my bold for emphasis: \>... Defendant BAM Trading **may continue to transfer Customer Assets to support redemptions** of Customer Crypto Assets ... A lot of commenters are jumping to conclusions and getting this wrong. It would still be very wise for anyone to withdraw their assets, of course.

Mentions:#SEC#BAM
r/CryptoCurrencySee Comment

My understanding would be no, you would no longer be able to withdraw if they freeze all assets under Binance US / BAM

Mentions:#BAM
r/CryptoCurrencySee Comment

> For example, by 2021, at least $145 million was transferred from BAM Trading [i.e. Binance.us] to a Sigma Chain account, and another $45 million of funds were transferred from BAM Trading’s Trust Company B account to the Sigma Chain account. From this account, Sigma Chain spent $11 million to purchase a yacht. And: > From at least September 2019 until June 2022, Sigma Chain AG (“Sigma Chain”), a trading firm owned and controlled by Zhao, engaged in wash trading that artificially inflated the trading volume of crypto asset securities on the Binance.US Platform.

Mentions:#BAM#AG
r/CryptoCurrencySee Comment

Late night yesterday market took the beating from the binance and that was the perfect time for me to get another DCA and i did that, so enjoying he BAM with all the Garys

Mentions:#DCA#BAM
r/CryptoCurrencySee Comment

I feel bad for all the other Garys out there. Just doing their thing, reading the daily, trying to enjoy their day and then **BAM!!!** their hit with a barrage of Reddit posts saying "Fuck you Gary!". To all the other Garys out there, hang in there, hope you're doing well, and please don't take it personally!

Mentions:#BAM
r/CryptoCurrencySee Comment

Adjusting to the Coindesk article, CZ owned 100% of "CPZ Holdings Limited," which owns 100% of "BAM Management Company Limited," which owns 81% of "BAM Management US Holdings Inc", which is the parent company to BAM Trading Services, which operates Binance.US. Good luck lawyers.

Mentions:#BAM
r/CryptoCurrencySee Comment

"The SEC’s complaint alleges that Zhao and Binance created BAM Management and BAM Trading in September 2019 as part of an elaborate scheme to evade U.S. federal securities laws by claiming that BAM Trading operated the Binance.US platform independently and that U.S. customers were not able to use the Binance.com platform. The complaint alleges that, in reality, Zhao and Binance maintained substantial involvement and control of the U.S. entity and that, behind the scenes, Zhao directed Binance to allow and conceal many high-value U.S. customers’ continued access to Binance.com. In one instance, the Binance chief compliance officer messaged a colleague that, “[w]e are operating as a fking unlicensed securities exchange in the USA bro.”

Mentions:#BAM
r/CryptoCurrencySee Comment

The claim here, that only Binance.US is being sued by the US Securities and Exchange Commission, isn't true. The SEC is suing Binance international, Binance US, and Changpeng Zhao personally. From [the SEC press release](https://www.sec.gov/news/press-release/2023-101): >The Securities and Exchange Commission today charged Binance Holdings Ltd. (“Binance”), which operates the largest crypto asset trading platform in the world, Binance.com; U.S.-based affiliate, BAM Trading Services Inc. (“BAM Trading”), which, together with Binance, operates the crypto asset trading platform, Binance.US; and their founder, Changpeng Zhao, with a variety of securities law violations.

Mentions:#BAM
r/CryptoCurrencySee Comment

tldr; The US Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, alleging that the company and its affiliate BAM Trading operated as an unregistered securities exchange, broker-dealer and clearing agency, along with selling unregistered securities including BNB and BUSD. The suit, which if successful could bar Binance and founder Changpeng ‘CZ’ Zhao from business in the US, also alleges that Binance and affiliated companies repeatedly lied to customers and misdirected funds to a separate investment fund owned by Zhao. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/CryptoCurrencySee Comment

The SEC alleges that “First, Binance and BAM Trading, under Zhao’s leadership and control, have unlawfully offered three essential securities market functions—exchange, broker-dealer, and clearing agency—on the Binance Platforms without registering with the SEC. Acutely aware that U.S. law requires registration for these functions, Defendants nevertheless chose not to register, so they could evade the critical regulatory oversight designed to protect investors and markets.” ​​The SEC also claims Zhao and Binance were “intimately involved in directing BAM Trading’s U.S. business operations.”

Mentions:#BAM
r/CryptoCurrencySee Comment

Whatever it is, better to be safe than sorry. Witnessed too many "it's too big to fail" scenarios and BAM! It failed....

Mentions:#BAM
r/CryptoCurrencySee Comment

Yep, I like pressing a buy button, and then confirming it once more and BAM! It's purchased. Sometimes it takes waaaay longer for me depending on what I'm buying lol

Mentions:#BAM
r/CryptoCurrencySee Comment

easing into it slowly and then BAM!

Mentions:#BAM
r/CryptoCurrencySee Comment

Imagine trying to hide from being served papers then you unlock your wallet and BAM! Gotcha b*tch!

Mentions:#BAM
r/BitcoinSee Comment

Correct. Also would be ripe for theft. If the card itself was a wallet, chuck whole shelf of cards into another item you're purchasing and walk out. BAM... fuckton of bitcoin.

Mentions:#BAM
r/CryptoCurrencySee Comment

I bought $btc sold it Then bought $ETH still have some then learned uniswap traded into shytcoins... still been purchasing $PAWTH for animal charities so feels good... in bull market it will be giant. Recent is $BAM and $Monions seems fun new memes